In bivariate data following results were obtained. Mean value of X = 53, Mean value of Y = 27, byx = -1.5, bxy = 0.2. Find the regression equation of X on Y and Y on X.
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The regression equations of X on Y and Y on X are used to estimate the relationship between two variables. The coefficients \(b_{xy}\) and \(b_{yx}\) determine the steepness of the regression lines.